FHA Mortgage Focus Fuels Lend America...

FHA Mortgage Focus Fuels Lend America's Rise

There are 834 comments on the Housing Wire story from Jun 30, 2008, titled FHA Mortgage Focus Fuels Lend America's Rise. In it, Housing Wire reports that:

The changing landscape in mortgage banking is propelling fast-growth for lenders that specialize in originating mortgages endorsed by the Federal Housing Administration ; Melville, New York-based Lend America ...

Join the discussion below, or Read more at Housing Wire.

Alex Lend America

Redmond, WA

#367 Dec 2, 2009
I was actually there when Lend America got shut down,I worked at lend america for 6 months in those 6 months I closed 24 loans I made more money than I have ever made in any other compamy.It was sad to see that a company that was doing good had to go down like this. I don't care what any one has to say about L.A or Michael Ashley this was the best place I have ever worked at and Michael is a great person and that is way he will find a way to solve this problem that not only left 600 people unemployed but ruined the future of a lott of homes out there that were not able to refi anywhere else but lend america due to their credit scores. U will not see Michael Ashley behind bars and im just not saying that because the guy has money or power but because they have nothing on him,he is a great guy that was actually doing something possitive but thanks to everyone else out there that elt different now 599 great people and myself are unemployed at the moment.I say at the moment bc once u worked at lend america you have the experience,the knowledge and the Mtg Specialist mentality and attitude to rock and roll anywhere. Good Luck to everyone out there and Thanks a lot Lend America And Michael Ashley.
What to Do

United States

#368 Dec 2, 2009
I'm sorry that 600 people lost there jobs, but someone is not doing their job because we refinanced our mortgage with Lend America and closed on September 30, 2009, and my first mortgage has yet to be paid. I have tried and tried working with your company to get this taken care of but only get a run around. Lend America has done nothing but stress my family out. Lend America does not give you any straight answers and now is closed. Do you honestly think my first mortgage will get paid off? How much money am I going to have to spend to higher an attorney to get this taken care of? My name will be slandered because my credit score will drop because I now have two mortgages to pay for and only money to pay for one. I hope Lend America is happy with the turmoil they have caused more people than just me.
former cult employeee

AOL

#369 Dec 2, 2009
stupid wrote:
Well I am sad to see lend America go under. I am curious why Michael gave up so easily. He has 30 days to appeal. He said in this very same site that it was all lies. If that is the case why not fight? I know I would if I were accused of something I didn't do. The truth to the matter is Mike knows he has no chance. He is a liar and will always be a liar. Now don't you also find it odd that if you go to mortgage source that all your files will be their? Doesn't Mr. Ashley also have some sort of stake in that company through other holdings or friends? You are all going to follow the same people who put you in this mess? You are going to follow the same team leaders, and the same vp's just to make the same crappy money. You still have Icg, Sterling, top dot, somerset, continental, guaranteed home loans, money store, united northern, franklin first, euro bank, and chase are all hiring and you do not need your team leads. Grow a pair and do something for yourselves. FYI: the lend america is not over yet. There is another court date. The government want ashley and the mgmt staff out of mortgage business forever! Ouch! Also legal problems will arise for others. Further more to the honest employees who got caught up in this mess I wish you the best of luck and a happy holidays. For the ones who caused the mess, I hope you get coal for christmas.
To Michael Ashley, those tears in today's meeting made me want to puke. You are part of a rare breed. You screwed so many people over, customers, employees and me. I hope your holiday is not merry and bright. I hope you lose it all, every last penny. You are done with the mortgage business but I am sure you are not done screwing people. Last but not least , I believe you lied about the former nyc mayor. Why would he risk his bid to be senator by associating himself with you.
To the rest of the world I miss sup prime and the checks that came with it.
To the rest of the world I miss sup prime and the checks that came with it. AMEN WELL SAID....THIS CONVERSATION IS OVER
Lemmings

Glen Cove, NY

#370 Dec 2, 2009
stupid wrote:
..... Now don't you also find it odd that if you go to mortgage source that all your files will be their? Doesn't Mr. Ashley also have some sort of stake in that company through other holdings or friends?.....
Didn't Ashley always say not to take illegal apps from other places? How is he transferring all of these files to Mortgage Source?

Ashley has a stake in Mortgage Source as well. Of course, just like Lend America, it is not on paper. Maybe the DOJ wants to start a little investigation over there too (hint hint)
former employee

Huntington, NY

#371 Dec 2, 2009
What to Do wrote:
I'm sorry that 600 people lost there jobs, but someone is not doing their job because we refinanced our mortgage with Lend America and closed on September 30, 2009, and my first mortgage has yet to be paid. I have tried and tried working with your company to get this taken care of but only get a run around. Lend America has done nothing but stress my family out. Lend America does not give you any straight answers and now is closed. Do you honestly think my first mortgage will get paid off? How much money am I going to have to spend to higher an attorney to get this taken care of? My name will be slandered because my credit score will drop because I now have two mortgages to pay for and only money to pay for one. I hope Lend America is happy with the turmoil they have caused more people than just me.
I'm sorry to hear about the mess that refinancing with this company has gotten you into. Unfortunatly, in my opinion, this is what typically happens to most of refi's done by this company. You are not alone. In my experience, having refinanced many homes through this company, I cannot recall one refi that I closed which funded on time. I've heard your exact story many, many, many times. If I were in your place I would hire an attorney. Now that the company has shut down, I'm sure it will be an uphill battle for you. It's upsetting for me to see how many people and their families were hurt. Good luck
Not too bright

Westwood, NJ

#372 Dec 2, 2009
Are the loans that closed last week and did not fund going to fund and is the lo going to be compensated? I have sent an email to the employee link asking for this information. No response.
What is D of J thinking

Brooklyn, NY

#373 Dec 2, 2009
This is far, Far, FAr, FAR from over. The DOJ is just getting started - all those previously arrested facing 30(!) yrs - both lo's at Lend America - think they don't have the goods on everyone there? Everyone else will start chirping too. Every canary will start singing to save their arses. DofJ is going MUCH deeper than just looking at "bad loans" with "fraudulent documentation." Everyone knows this story is going to go much deeper than that and the DofJ smells fresh, greedy blood. If you're going to let them flap in the wind, at least wear a cup! Be smart about it for crying out loud! Maybe you can mess with NYS (but I'm not sure that's a smart strategy with a bright guy like Cuomo running the NYS AG office), but you screw with the Feds and you're asking for MAJOR time. Greed in moderation = good, greed without moderation = bad. Simple formula.
The Judge DID do the right thing. The government didn't have current files to sustain the injunction. Why? Because the defendant wouldn't turn them over! Hysterical. So, they get the files, the defendant has time to review them, and STILL the gov't has enough from named files to go forward with the motion. With the other specific "stuff" the gov't is sure to get from cooperating witnesses looking for reduced jail times, I'd be crying too. A long prison term is in the offing for an awful lot of people - I can't see it being just the "top 2" either. I wouldn't want to be anyone working at Lend america right now. What a lot of "innocent" people probably thought was what they were supposed to do - well, you've been put in the crosshairs as well and that sucks. All bets are off there, I'm sure, save your own a$$ because the guy (or gal) who worked next to you, is going to find someone else to throw under the proverbial "bus." Godspeed and say your prayers.
What is D of J thinking

Brooklyn, NY

#374 Dec 2, 2009
600 people out of work in this market is NEVER a good thing.
Lmao

Redmond, WA

#375 Dec 2, 2009
Adrian C AKA "Queens Village" or "Kiss Ass" STFU u was the fucking biggest kiss ass in Lend America always with your mouth open talking shiet...do everyone a favor and stfu!! Now that the company shut down u gona come out your face and talk all this shiet about the company but while you was there all you was doing was working hard like everyone else did and you barely had time to work bc u was to busy kissing everyones ass and you was not even closing any loans now mayve that's the reason why you mad! Is it?? Lmaoo. If you really have something to say give Michael Ashley a phone call im sure he will be glad to hear everything you have to say about Lend America and himself lambon come mierda triple hptt Sapo Mal Parido Rata Sucia.
AKA

Glen Cove, NY

#376 Dec 2, 2009
Lmao wrote:
Adrian C AKA "Queens Village" or "Kiss Ass" STFU u was the fucking biggest kiss ass in Lend America always with your mouth open talking shiet...do everyone a favor and stfu!! Now that the company shut down u gona come out your face and talk all this shiet about the company but while you was there all you was doing was working hard like everyone else did and you barely had time to work bc u was to busy kissing everyones ass and you was not even closing any loans now mayve that's the reason why you mad! Is it?? Lmaoo. If you really have something to say give Michael Ashley a phone call im sure he will be glad to hear everything you have to say about Lend America and himself lambon come mierda triple hptt Sapo Mal Parido Rata Sucia.
Now with your time off you can go back and get your GED and learn how to write and speak poper grammer... I am seeing a positive side to this unemployment, the state might even pay for your education...
Judy0617

Bronx, NY

#377 Dec 2, 2009
I closed with Lend America on November 16, 2009. I am assuming by reading everyone's notes that the money was never going to be issued to any of the creditors. I am so sad and this company stinks. I wish I never re-financed with them. Not only am I out about $1000.00 in fees. I can see that I was take for an even bigger ride. Of course at this time no one has returned my phone calls.
Judym0617

Bronx, NY

#378 Dec 2, 2009
Alex Lend America wrote:
I was actually there when Lend America got shut down,I worked at lend america for 6 months in those 6 months I closed 24 loans I made more money than I have ever made in any other compamy.It was sad to see that a company that was doing good had to go down like this. I don't care what any one has to say about L.A or Michael Ashley this was the best place I have ever worked at and Michael is a great person and that is way he will find a way to solve this problem that not only left 600 people unemployed but ruined the future of a lott of homes out there that were not able to refi anywhere else but lend america due to their credit scores. U will not see Michael Ashley behind bars and im just not saying that because the guy has money or power but because they have nothing on him,he is a great guy that was actually doing something possitive but thanks to everyone else out there that elt different now 599 great people and myself are unemployed at the moment.I say at the moment bc once u worked at lend america you have the experience,the knowledge and the Mtg Specialist mentality and attitude to rock and roll anywhere. Good Luck to everyone out there and Thanks a lot Lend America And Michael Ashley.
Were the loans you closed real? or fake? Is this company really a scam?
Alex LA

Redmond, WA

#379 Dec 2, 2009
Judym0617 wrote:
<quoted text>
Were the loans you closed real? or fake? Is this company really a scam?
ALL REAL....THE COMPANY WAS REAL IT WAS JUST A COUPLE OF LOAN OFFICERS THAT DID NOT DO THE RIGHT THING..SORRY BUT IT WAS ABOUT 3 OUT OF 400 PPL
Mr-350k

Redmond, WA

#380 Dec 2, 2009
AKA wrote:
<quoted text>
Now with your time off you can go back and get your GED and learn how to write and speak poper grammer... I am seeing a positive side to this unemployment, the state might even pay for your education...
Adrian C?? Lmaoooo Scrubbbb this dude makes no money at all and that's why he's mad like that if you breally felt like that about lend america why was you there this whole time?????????? Ooo okay good answer go and get a life but please make sure you bring your crayons and your lunch...1 stupid coward
Keith Simendinger

Wilmington, NC

#381 Dec 2, 2009
For one, I was one of the orginal loan officers of michael ashley. When there was only 20 of us. I cant believe all of you. Werent you at the meeting last month where you heard him say that there are always twist and turns in life. Stop blaming Michael Ashley. You are a Loan Officer and should take responisblity for your own action. If you wrote a fraud loan then you messed up lend america. Now Im hoping we can beet this so i can go back to a great company. I sick of reading this negitive crap. Michael was a awesome boss and I been away from the company due to my circumstances, but there no place like Lend America. I promise you that. So stop about him jerk off. He always look out for his people. I promise you that.

If you have something to say about say it to his face not online. Loser.
Keith Simendinger

Wilmington, NC

#382 Dec 2, 2009
Oh and another thing, I agree you need to get out of the business. You suck.. You are suppose to be a professional.
Judym0617

Bronx, NY

#383 Dec 2, 2009
Alex LA wrote:
<quoted text>
ALL REAL....THE COMPANY WAS REAL IT WAS JUST A COUPLE OF LOAN OFFICERS THAT DID NOT DO THE RIGHT THING..SORRY BUT IT WAS ABOUT 3 OUT OF 400 PPL
I really liked my loan officer and I assumed he was telling me the truth however, since I just went to closing (11/16/09) what do you think my chances are that my re-fi will go through? Do you think I need to get an attorney?(of course in your opinion)I can use all the advice I can get right now
On the Inside

Glen Cove, NY

#384 Dec 2, 2009
Mr-350k wrote:
<quoted text>
Adrian C?? Lmaoooo Scrubbbb this dude makes no money at all and that's why he's mad like that if you breally felt like that about lend america why was you there this whole time?????????? Ooo okay good answer go and get a life but please make sure you bring your crayons and your lunch...1 stupid coward
Not Adrain you douche bag! I do not take Steroids or act like him. I was on the top 10 list up until yesterday, I did make great money with Ashley and I was one of the LO's getting a large salary.. But I have always kissed Mike's ass just to keep my salary and now all you haters and losers can kiss my ass... I already have a job and you are collecting unemployment..ahahahah
On the Inside

Glen Cove, NY

#385 Dec 2, 2009
Judym0617 wrote:
<quoted text>
I really liked my loan officer and I assumed he was telling me the truth however, since I just went to closing (11/16/09) what do you think my chances are that my re-fi will go through? Do you think I need to get an attorney?(of course in your opinion)I can use all the advice I can get right now
Judy - Call your mortgage company to check to see if your loan was paid off, if it was that is great and you will have no worries. If it was not paid off contact Department of Banking in New York... http://www.banking.state.ny.us/csci.htm

Best of Luck
self made

Brooklyn, NY

#386 Dec 2, 2009
7 points and you all got brainwashed to take 1.5 points.. lol... while you all made hedi and Ashley loaded.. retards.. Now he is out with 400 million liquid cash and your all scrambling for parachuttes only there isnt enough to go around.
Merry Christmas robot retards

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